Exxon Mobil’s (XOM) “Neutral” Rating Reiterated at CSFB

Exxon Mobil (NYSE:XOM)‘s stock had its “neutral” rating reaffirmed by investment analysts at CSFB in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. They currently have a $48.00 target price on the oil and gas company’s stock. CSFB’s target price would indicate a potential upside of 26.28% from the stock’s previous close.

Several other analysts have also commented on the company. Morgan Stanley cut their price objective on Exxon Mobil from $79.00 to $73.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Mizuho cut their price objective on Exxon Mobil from $79.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, March 6th. JPMorgan Chase & Co. cut their price objective on Exxon Mobil from $64.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday. Piper Jaffray Companies initiated coverage on Exxon Mobil in a report on Tuesday, November 26th. They issued a “hold” rating and a $83.00 price objective for the company. Finally, Jefferies Financial Group reissued a “neutral” rating and set a $75.00 price target on shares of Exxon Mobil in a report on Wednesday, January 22nd. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the stock. Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $65.19.

NYSE:XOM traded down $3.97 during trading hours on Thursday, reaching $38.01. 7,195,438 shares of the company traded hands, compared to its average volume of 33,198,230. The business’s 50-day moving average price is $58.43 and its two-hundred day moving average price is $66.79. The stock has a market capitalization of $167.98 billion, a P/E ratio of 11.31, a P/E/G ratio of 2.50 and a beta of 1.10. Exxon Mobil has a 1 year low of $40.80 and a 1 year high of $83.49. The company has a current ratio of 0.78, a quick ratio of 0.49 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.89. Exxon Mobil had a return on equity of 5.11% and a net margin of 5.41%. The firm had revenue of $67.17 billion during the quarter, compared to analysts’ expectations of $64.58 billion. During the same quarter in the previous year, the business earned $1.41 earnings per share. The company’s revenue was down 6.6% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil will post 2.64 EPS for the current year.

In other news, CEO Darren W. Woods acquired 2,858 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were bought at an average price of $60.53 per share, with a total value of $172,994.74. Following the completion of the purchase, the chief executive officer now directly owns 818,032 shares in the company, valued at $49,515,476.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. TFO TDC LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at $25,000. Gs Investments Inc. lifted its holdings in shares of Exxon Mobil by 543.5% during the 4th quarter. Gs Investments Inc. now owns 444 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 375 shares during the last quarter. Evolution Wealth Advisors LLC lifted its holdings in shares of Exxon Mobil by 299.3% during the 4th quarter. Evolution Wealth Advisors LLC now owns 575 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 431 shares during the last quarter. CBIZ Investment Advisory Services LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at $40,000. Finally, Danda Trouve Investment Management Inc. purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at $47,000. 55.82% of the stock is currently owned by institutional investors.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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